Results 4,161-4,180 of 4,810 for speaker:Liam Twomey
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: There are also issues around taking income into account. Is that right?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Could the witnesses give us Permanent TSB's submission?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: I am only asking. The witnesses do not have to do that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: We are going to do a report on it ourselves. Permanent TSB is clearly a significant stakeholder and we are asking all significant stakeholders for their opinions. It is interesting that, as was mentioned, if people want to trade up that they can hold on to their tracker mortgage plus 1%. I presume that is only for Permanent TSB customers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: Permanent TSB does not plan on offering that to other banks' customers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Permanent TSB (12 Nov 2014)
Liam Twomey: On behalf of the joint committee, I thank all the witnesses for participating in this meeting and for the material they have supplied to the committee. I thank them for two intense hours. I know it is intense, but I felt the witnesses were up to it, so we kept going rather than taking a break.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: I welcome Mr. Jim Brown, chief executive of Ulster Bank, who is accompanied by Mr. Stephen Bell, chief risk officer, and Ms Ellvena Graham, head of business banking. Mr. Brown will make an opening statement. Questions from members were collated in advance of the meeting and these were submitted to Ulster Bank. I thank Mr. Brown and his staff for responding in writing to these questions....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: I propose that we adhere to the same rules as for our meetings with the other banks. This will ensure that everyone has an opportunity to ask questions so that we can have the best meeting possible. I propose that the lead speakers for each group will speak for ten minutes, followed by other committee members, who will have five minutes. Then, anyone else who wishes to ask a question will...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: The Deputy's time has concluded.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: I have a few questions. We met representatives of Permanent TSB yesterday. They said that, at the end of the process, when someone had give up his or her house, it was repossessed or that he or she had tried to manage the debt and failed to do so, it wrote off up to 80% of any residual debt. It is not debt relief. Does Ulster Bank do something similar?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: The criterion is whether a customer is eligible for social housing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: How does that work? The person fills in the application form and is accepted for social housing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: The bank writes it off there and then. Another proposal discussed by Permanent TSB was assisting those on tracker mortgages to trade up. It has a tracker plus 1% product. Has Ulster Bank a similar scheme to assist those on tracker mortgages?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: Will Mr. Brown give me ballpark figures?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: Above the tracker margin?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: Effectively, the customer holds the original tracker mortgage and the increased charge is incurred on the additional loan.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: I will give the Sentor more time to ask another question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: Perhaps Mr. Brown might also give us his views on the Central Bank issues. We are going to do a report on that ourselves.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: Mr. Brown talked about the economic concession. As a matter of interest, how many have been given out to those in arrears?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Ulster Bank (13 Nov 2014)
Liam Twomey: I now call on Deputy Boyd Barrett, even though he turned up so late.